Robert Bell

Every month we bring you the latest regulatory updates, here are the most recent! Reform of the Consumer Credit Act 1974 (CCA) In May 2025 HM Treasury published their phase 1 consultation on removing provisions from the CCA, enabling the FCA to create equivalent and more flexible rules in the Handbook, most likely CONC. The three main areas of review were: Repealing and recasting provisions related to information requirements, statutory sanctions, and criminal offenses and giving the FCA the...

This article sets out a practical summary of the key changes introduced by the Money Laundering and Terrorist Financing (Amendment) Regulations 2026 from the perspective of an FCA-regulated financial services firm. Area Previous Position New Requirement What Financial Services Firms Should Do Pooled client accounts No specific AML obligations tailored to newly opened pooled client accounts. Firms opening new pooled accounts must understand the purpose of the account, ensure it aligns with the...

Just when we all felt that we had finally got to grips with GDPR, data protection requirements have shifted again. The Data (Use and Access) Act 2025 introduces a series of updates to the UK’s privacy and data protection framework, and a range of significant reforms designed to support innovation and streamline data use. Among the changes are new provisions around automated decision making, data sharing, and the powers of the Information Commissioner’s Office. While much of the attention has...